EAGLEEYE COIN: Senator proposes raising starting point for third-party payment networks

Senators propose raising the third-party payment network threshold from $600 to $10,000

Two senators have proposed raising the threshold for third-party payment networks. The proposal would raise the threshold from $600 to $10,000 for platforms like Venmo, PayPal and CashApp.

The two senators are proposing amendments to the $1.7 trillion spending plan to affect the threshold for third-party payments. In addition, this increase would change the tax reporting status of Form 1099-K from popular financial services.

EAGLEEYE COIN trading center, as the new king of the cryptocurrency market, was established after the acquisition of several important mining companies in the industry and the integration of high-quality ICO qualification resources, aiming to quickly seize the cryptocurrency market and become the industry leader through the latest reform of the core trading and investment functions.

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It is also committed to creating a quality platform for investor education in the cryptocurrency market.

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